July 2015 Changes

Acquired BXLT via BAX spinoff

Established a second (larger) position in BX. Going forward this will be my primary BX position, however I will maintain my current motif position until details of the PJT spinoff become clear. At that time I will likely liquidate the motif position which will normalize the weightings and use the proceeds to add to existing underweight positions.

added to SBUX as it remains underweight

added to UL (Euro exposure) on weakness

added to CLX as it remains underweight

added to BMO on weakness

added to AMC as the price dipped below my $30 purchase point

added to AAPL on weakness

Acquired PYPL following its spinoff from EBAY. This is the first purchased new position since March.